FTC shuts down company, alleges $25M in unauthorized charges

FTC shuts down company, alleges $25M in unauthorized charges

Posted: Updated:
ATLANTA -

The Federal Trade Commission has temporarily shut down a company it claims billed consumers to the tune of $25 million without their consent.

According to the FTC
, the money was taken from bank and credit card holders. In a press release, the FTC says there were tens of thousands of complaints about a company called Ideal Financial Solutions. They say the company used more than 200 internet domain names and used identity-hiding services.

They say the company targeted vulnerable people, usually charging them about $30 for services they didn't get. They're not sure how Ideal Financial Solutions got the account numbers, but most victims had applied for payday loans through the internet.

Other companies named in the complaint are: Fund Assur, Debt2Wealth and Avanix.

So what can you do if you suspect you may have been a victim? Go back and look at credit card and debit statements dating back to January 2009, and look at charges to financial services that just don't make sense to you.

For more information, click here!

  • I-Team Story ArchiveMore>>

  • Patient: Hospice company failed me too

    Patient: Hospice company failed me too

    Wednesday, August 27 2014 10:37 PM EDT2014-08-28 02:37:56 GMT
    The state is now looking into a defunct hospice provider originally investigated by the Fox 5 I-Team.
    The state is now looking into a defunct hospice provider originally investigated by the Fox 5 I-Team.
  • Hidden fees in checking accounts: Who's transparent, who's not

    Hidden fees in checking accounts: Who's transparent, who's not

    Wednesday, August 27 2014 8:10 AM EDT2014-08-27 12:10:06 GMT
    We already know about some of the fees our banks charge -- the monthly fee, the overdraft charge, out-of-network and minimum balance fees. That's standard stuff. But did you know that the average checking account has 30 fees attached?
    We already know about some of the fees our banks charge -- the monthly fee, the overdraft charge, out-of-network and minimum balance fees. That's standard stuff. But did you know that the average checking account has 30 fees attached?
  • Judge mulling sanctions related to ethics trial

    Judge mulling sanctions related to ethics trial

    Monday, August 25 2014 6:29 PM EDT2014-08-25 22:29:27 GMT
    A judge is deciding whether to sanction the Georgia attorney general's office, the state ethics commission and the commission's director for not releasing certain documents in a whistleblower trial.
    A judge is deciding whether to sanction the Georgia attorney general's office, the state ethics commission and the commission's director for not releasing certain documents in a whistleblower trial.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

Powered by WorldNow

4739 NW 53rd Avenue, Sutie B
Gainesville, FL 32653

Phone: (352) 371-0051

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices